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Hong Kong stocks tumble in morning after China slump

Jan 07 2016 07:38

Hong Kong - Hong Kong stocks extended their losses to a fourth day on Thursday morning, as markets in China were suspended within half an hour of opening after authorities weakened the yuan's value against the dollar to a five-year low.

Hong Kong's benchmark Hang Seng Index sank 501.42 points to 20 479.39 by the break. The market has lost 6.6% in the first four days of the year.

equities  |  markets  |  asian stocks

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